Rosa S. Alexander

Shop LC Leaks Details on Traditional Retail Jewelry Supply Chain Markups and How to Avoid Them

Home shopping channel explains how your regular jewelry purchase might be costing you too much

Published: Nov. 9, 2021 at 6:33 AM EST|Updated: 2 hours ago

AUSTIN, Texas, Nov. 9, 2021 /PRNewswire/ — Jewelry is expensive. But does it have to be? Shop LC, a vertically integrated retailer of jewelry, explains how the supply chain adds excess cost to consumers.

(PRNewsfoto/Shop LC)
(PRNewsfoto/Shop LC)

UNDER $10 JEWELRY AT SHOP LC

“Providing the best value for money isn’t that hard,” explains Amit Agarwal, Shop LC President. “While materials like 14K gold can account for around 60 to 80 percent of an items cost, there are ways to improve affordability. For instance, Under $10 jewelry often uses a sterling silver base with a finish of gold, providing exceptional value while preserving the look of solid gold.”

In the traditional manufacturing process for gemstone jewelry, a high markup occurs with gems

Read More

A Reality Check for Fashion Tech? | The Week Ahead, BoF Professional

Fashion Start-Ups Report Results

  • Newly public Warby Parker, as well as Poshmark, ThredUp and The RealReal report quarterly results this week

  • Online sales show signs of plateauing after surging during the pandemic

  • Shopify and Amazon recently reported disappointing results

For much of the last 18 months, e-commerce platforms and brands have had the wind at their backs. First, the lockdowns drove a boom in online shopping. Then, the lifting of lockdowns sparked a spending spree at retailers online and off. But that phase may be coming to an end, at least for online shopping platforms. Amazon and Shopify reported disappointing sales for their most recent quarters. The news hasn’t been all bad for e-tailers: Revolve’s sales surprised on the upside, and mostly online brands like Warby Parker and Allbirds saw huge appetite for their shares in recent IPOs.

What’s this all mean for the brands reporting results this

Read More

Zalando’s Profit Falls as In-Store Sales Rebound

Zalando boxes. Shutterstock.

German online fashion retailer Zalando reported a slump in quarterly profit on Wednesday as it offered discounts to try to keep customers shopping online after physical stores reopened following the easing of coronavirus lockdowns.

It said there was a “fierce promotional environment” in many European markets, adding that unusually warm weather in September had kept a lid on demand for full-price fall/winter items and increased sales of discounted spring/summer fashion.

Zalando shares were down 2.7 percent at 0840 GMT.

However, as temperatures dropped in October, Europe’s biggest fashion e-commerce player saw demand recover for seasonal wear. “We are off to a very good start to Q4,” finance chief David Schroeder told journalists.

With many fashion brands hit by the closure of Asian factories due to coronavirus lockdowns, Schroeder said Zalando was well stocked for the next few months but it could see delays to deliveries of spring/summer

Read More

Lagos Fashion Week Announces Relief Grant for Nigerian Brands

Studio 189’s show on the catwalk during last week’s Lagos Fashion Week. LFW

Lagos Fashion Week has announced a 500 million naira ($1.2 million) relief grant to support 30 Nigerian fashion brands, part of a larger government program to ease the impact of Covid-19 on Nigerian businesses while also increasing the country’s export capacity.

“Fundraising for designers on the continent can be an arduous task,” said Omoyemi Akerele, founder of Lagos Fashion Week, which wrapped its latest edition Oct. 30. “Traditional lending models have stringent requirements, and most brands are not necessarily ready to go down the equity route. I believe the Export Expansion Facility grant facilitated by the Nigeria Export Promotion Council [NEPC] will help strengthen the selected beneficiaries’ access to market strategy for the next season,” she added.

According to Akerele, the beneficiaries of the grant, whose names have not yet been made public, have been selected from

Read More